Global benefit management

We provide full global benefit audits, data management and benchmarking services for multinational companies. This enables stakeholders to gain a full understanding of their worldwide benefit provision allowing them to manage costs.
 

 Overview

 

Our online data management system, Benefit Inventory Tool (BIT), developed by Asinta, is a secure, online portal that houses a multinational company’s local benefit plans and perquisites, with benchmarking and analysis of plans. For each country, benefit costs are broken down by benefit type and further broken down into two cost centres such as company sponsored and mandated/social program benefits. These cost centres are then even further broken down by what the employee and company each pay. BIT reports the total annual benefit costs as well as the amount as a percentage of global payroll. BIT also houses plan design details and our benchmarking analysis of the plan’s competitive and legislative character.

 

 Insights and views

 
    Global Benefit Insights - July 2013
    9 July 2013
    Welcome to our latest newsletter for multinational companies and not for profit organisations. Giving insights into topical employment benefit issues, it is aimed at Finance and HR and those who manage employee benefits internationally.
     

    Read more
    Global Benefit Insights - September 2012
    20 September 2012
    Welcome to our first newsletter for multinational companies and not for profit
    organisations. Giving insights into topical employment benefit issues, it is aimed
    at Finance and HR and those who manage employee benefits internationally.
     

    Read more
    DC Pensions Bulletin - February 2012
    20 February 2012
    In this issue
     
    • Clearing of the in-trays
    • Clearing of the in-trays: speed read
    • QROPS
    • Other recent developments
    • Publications round-up
    • Dates for your diary
     


    Read more
    Will the ‘holistic balance sheet’ prove to be Solvency II by the back door?
    23 November 2011
    On 25 October 2011, the European Insurance and Occupational Pensions Authority (EIOPA) published a consultation paper on its draft advice to the European Commission (EC) to help the EC’s review of the Institutions for Occupational Retirement Provision (IORP) directive. This review could have very significant implications for the funding of UK defined benefit (DB) pension schemes if it results in a funding regime similar to the Solvency II directive regime for insurers.



    Read more
    Pensions bulletin - October 2011
    13 October 2011
    In this issue
     
    • Back to work for the Pensions Minister
    • Back to work: speed read
    • Behind the scenes
    • Other recent developments
    • Publications round-up
    • Dates for your diary
     


    Read more
    Pensions bulletin - July 2011
    1 July 2011
    In this issue:
     
    • Policy focus: one year on from the Coalition’s first Budget
      Policy focus: speed read
    •  Behind the scenes
    •  Other recent developments
    •  Publications round-up
    •  Dates for your diary
     
     
    Read more
    EC calls for advice on review of IORP directive
    27 May 2011
    In April 2011, the European Commission (EC) issued a Call for Advice from the European Insurance and Occupational Pensions Authority (EIOPA) to prepare for the Commission’s planned review of the Institutions for Occupational Retirement Provision (IORP) directive.
     


    Read more
    Test-Achats: are the days now numbered for sex-specific actuarial factors?
    1 April 2011
    On 1 March 2011, the European Court of Justice (ECJ) passed judgment on the Test-Achats case. This case was widely reported in the press for its impact on insurance premiums which will need to be equal for men and women from 21 December 2012. Although it concerned insurance contracts, the case could also potentially affect UK occupational pension schemes.
     

     

    Read more
    Visit the Industry Insights page for news and views on the latest industry developments
 

 Events

 
    Speak to us

    Speak direct to our specialists in this area
    Steve Chapman
    Global Practice Leader, Asinta
    Or call us on
    020 3327 5000